Australian energy stocks hit 3-month low on weak oil prices
17/06/2026 01:29
BUZZ-Australian energy stocks hit 3-month low on weak oil prices ** Australian energy stocks .AXEJ fall as much as 2.4% to hit their lowest level since early March
** Oil prices fell for second straight day on Tuesday to hit a three‑month low as details emerged of an interim Middle East peace deal, including plans to reopen the Strait of Hormuz and allow Iran to resume oil sales O/R
** Santos STO.AX slips 1.3%, Woodside Energy WDS.AX down 2.2%
** Sub-index up ~17% YTD, including the session's moves
(Reporting by Anjali Singh in Bengaluru)
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